Community Associations Institute’s Maryland Legislative Action Committee (MD LAC) needs your help in supporting legislation that would mandate HO-6/condominium unit owner insurance coverage for all condominium unit owners, and would also allow associations to purchase coverage and charge back  owners if they do not obtain this coverage. HB 1541 Condominiums - Mandatory Insurance Coverage is in the Senate Judicial Proceedings Committee and will be heard on Thursday, March 27th- we need you to tell Senators on the Committee to SUPPORT this important bill with CAI’s clarifying amendment language. This language includes clarifications on alternate housing in cases of covered cause of loss, and a 30-day window for owners to comply with insurance requirements when requested by the association. 

MD LAC worked with the bill’s sponsor to introduce this critical piece of legislation and continues to collaborate to further refine the bill to offer the best protections possible for Maryland’s condominium associations and unit owners. HO-6 insurance is vital coverage for condominium homeowners, providing coverage to unit owners that an association is not obligated to cover, including coverage for improvements and betterments (made or acquired from a previous owner), contents/personal property, personal liability, loss of use/additional living expense, and loss assessment coverage. The HO-6 policy can also pay for an owner’s deductible responsibility when a loss originates in the owner’s unit. In short, an HO-6 policy ensures that when the worst happens, the individual unit owners  have coverage to avoid out-of- pocket expenses and need only cover the reasonable costs of their own policies’ deductible.

Tell the Committee to SUPPORT this critical legislation, and protect Maryland’s condominium owners!